Starwood Property Trust, Inc. $STWD Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. lifted its stake in shares of Starwood Property Trust, Inc. (NYSE:STWD) by 7.1% during the 3rd quarter, HoldingsChannel reports. The firm owned 32,976,364 shares of the real estate investment trust’s stock after purchasing an additional 2,193,085 shares during the quarter. Vanguard Group Inc. owned about 0.09% of Starwood Property Trust worth $638,752,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in STWD. Evolution Wealth Management Inc. purchased a new position in Starwood Property Trust during the second quarter worth approximately $25,000. Cloud Capital Management LLC acquired a new stake in shares of Starwood Property Trust in the 3rd quarter worth $29,000. Orion Capital Management LLC acquired a new stake in shares of Starwood Property Trust in the 3rd quarter worth $39,000. Financial Gravity Companies Inc. purchased a new position in shares of Starwood Property Trust during the 2nd quarter worth $44,000. Finally, Cullen Frost Bankers Inc. boosted its position in shares of Starwood Property Trust by 603.2% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 3,305 shares of the real estate investment trust’s stock valued at $64,000 after acquiring an additional 2,835 shares during the last quarter. 49.82% of the stock is currently owned by hedge funds and other institutional investors.

Starwood Property Trust Stock Performance

Shares of STWD stock opened at $17.82 on Tuesday. The company has a debt-to-equity ratio of 2.98, a quick ratio of 1.33 and a current ratio of 1.33. The firm has a market cap of $6.60 billion, a P/E ratio of 16.97 and a beta of 1.13. The firm’s 50 day moving average price is $18.24 and its 200-day moving average price is $18.80. Starwood Property Trust, Inc. has a one year low of $16.59 and a one year high of $21.05.

Starwood Property Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st were given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 10.8%. The ex-dividend date was Wednesday, December 31st. Starwood Property Trust’s dividend payout ratio (DPR) is currently 182.86%.

Analysts Set New Price Targets

STWD has been the subject of several recent analyst reports. Keefe, Bruyette & Woods cut their price objective on shares of Starwood Property Trust from $22.00 to $21.00 and set an “outperform” rating for the company in a research report on Wednesday, November 12th. Zacks Research raised shares of Starwood Property Trust from a “strong sell” rating to a “hold” rating in a research note on Monday, January 12th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Starwood Property Trust in a research report on Wednesday, January 21st. Finally, Wells Fargo & Company decreased their price objective on Starwood Property Trust from $23.00 to $22.00 and set an “outperform” rating on the stock in a report on Tuesday, November 11th. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $20.63.

About Starwood Property Trust

Starwood Property Trust (NYSE: STWD) is a publicly traded real estate investment trust that specializes in originating, acquiring and managing commercial mortgage loans and other real estate-related investments. The company’s portfolio spans a variety of asset classes, including senior mortgages, mezzanine debt, preferred equity and direct equity investments in commercial properties. By focusing on both debt and equity capital solutions, Starwood Property Trust seeks to generate attractive risk-adjusted returns for its shareholders through a combination of current income and capital appreciation.

Operating primarily in the United States, Starwood Property Trust deploys capital across a broad range of property types, such as multifamily residential, office, retail, hotel and industrial.